ArticleEnvironmental health insights2024
The Function of Green Finance Initiative in Maintaining Ocean Health: Novel Findings From an International Database.
Article in Environmental health insights, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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Abstract
This article empirically analyzes the influence of green finance (GF) on ocean health. Employing 10 indicators and a composite Ocean Health Index (OHI) to measure the efficiency and sustainability of ocean economies, the study spans 9 years across 35 countries. Multiple econometric methodologies, including Feasible Generalized Least Squares (FGLS), Panel-Corrected Standard Errors (PCSE), and the 2-step Generalized Method of Moments (GMM), demonstrate a substantial negative association between GF and ocean health. An extensive analysis of GF's relationship to the Ocean Health Index (OHI) components indicates that GF negatively impacts each of the 6 aspects of OHI. In the long run, however, when a Pooled Mean Group Autoregressive Distributed Lag (PMG-ARDL) model is used to assess the short- and long-term impacts, the results show a substantial positive association between GF and the ocean health.
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